Mueller Water Products (NYSE:MWA) Lowered to Buy at StockNews.com

StockNews.com downgraded shares of Mueller Water Products (NYSE:MWAFree Report) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Several other brokerages have also recently issued reports on MWA. Baird R W upgraded shares of Mueller Water Products to a hold rating in a research report on Wednesday, May 8th. Robert W. Baird upped their price objective on Mueller Water Products from $18.00 to $24.00 and gave the company a neutral rating in a research report on Wednesday, May 8th. Oppenheimer raised Mueller Water Products from a market perform rating to an outperform rating and set a $19.00 target price on the stock in a research report on Thursday, April 18th. Finally, Royal Bank of Canada raised their price target on Mueller Water Products from $17.00 to $20.00 and gave the stock a sector perform rating in a research report on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $20.00.

Get Our Latest Research Report on Mueller Water Products

Mueller Water Products Price Performance

Shares of NYSE:MWA opened at $17.61 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.08 and a current ratio of 3.53. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.83 and a beta of 1.33. The firm has a fifty day moving average price of $17.60 and a 200 day moving average price of $15.81. Mueller Water Products has a fifty-two week low of $12.11 and a fifty-two week high of $19.43.

Mueller Water Products (NYSE:MWAGet Free Report) last posted its earnings results on Monday, May 6th. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The company had revenue of $353.40 million for the quarter, compared to the consensus estimate of $299.62 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. As a group, sell-side analysts expect that Mueller Water Products will post 0.79 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were paid a dividend of $0.064 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.45%. Mueller Water Products’s dividend payout ratio is presently 40.63%.

Insider Buying and Selling

In related news, Director Brian C. Healy purchased 2,650 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $19.18 per share, for a total transaction of $50,827.00. Following the acquisition, the director now owns 2,650 shares of the company’s stock, valued at approximately $50,827. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Kenji Takeuchi sold 6,658 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $19.09, for a total transaction of $127,101.22. Following the completion of the sale, the senior vice president now owns 28,334 shares of the company’s stock, valued at $540,896.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian C. Healy purchased 2,650 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $19.18 per share, for a total transaction of $50,827.00. Following the completion of the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $50,827. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mueller Water Products

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Mueller Water Products by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company’s stock worth $245,070,000 after buying an additional 227,843 shares during the period. Nuance Investments LLC lifted its position in Mueller Water Products by 8.4% during the 4th quarter. Nuance Investments LLC now owns 13,161,657 shares of the industrial products company’s stock worth $189,528,000 after acquiring an additional 1,022,785 shares during the period. Franklin Resources Inc. grew its stake in Mueller Water Products by 14.9% during the 4th quarter. Franklin Resources Inc. now owns 7,498,710 shares of the industrial products company’s stock valued at $107,981,000 after purchasing an additional 974,333 shares during the last quarter. Brown Advisory Inc. grew its stake in Mueller Water Products by 6.8% during the 4th quarter. Brown Advisory Inc. now owns 6,740,893 shares of the industrial products company’s stock valued at $97,069,000 after purchasing an additional 430,572 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Mueller Water Products by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,417,005 shares of the industrial products company’s stock valued at $78,006,000 after purchasing an additional 138,018 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Company Profile

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Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.

Further Reading

Analyst Recommendations for Mueller Water Products (NYSE:MWA)

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